How to give your Brunswick property summer sale curb appeal
Ready to sell your Brunswick home? Think again. This summer, ensure your curb appeal is up to scratch before hitting the market.
Weighing up the potential of investment property means taking a variety of data into account, including the level of gross returns that can be achieved. The July CoreLogic RP Data Home Value Index has offered some insight into what Melbourne investors can expect – and the results are impressive.
Melbourne ranked only second to Sydney in terms of its total gross returns over the past year. The city has witnessed a 15.2 per cent increase, putting it considerably ahead of the 8.8 per cent achieved from third place Brisbane.
Interestingly, the Victorian capital traded places with Sydney during the three months to July to be named the city with the highest capital gains. Values were up 6.1 per cent, making it the highest increase recorded since the August quarter of last year.
CoreLogic RP Data head of research Tim Lawless indicated that the next few months could be an interesting time for the investment market in particular.
"With value growth once again accelerating across Sydney and Melbourne, the market evolution in mortgage lending policies will provide a timely test for housing demand, particularly from investors," commented Mr Lawless.
The latest home lending figures from the Australian Bureau of Statistics show the value of loans granted for investment housing declined 0.7 per cent between May and June. This was against the backdrop of a 5.5 per cent increase in the value of mortgages granted for owner occupied housing.
If you do decide that the Melbourne property market is right for you, then it might be a good idea to seek out property management in Brunswick. This way, you can rest assured that your investment is fully under control and running smoothly.
The team at Ray White Brunswick is here to deal with all your enquiries and ensure your investment is as successful as it can be.
Ready to sell your Brunswick home? Think again. This summer, ensure your curb appeal is up to scratch before hitting the market.
If you’re looking for something a little different this Christmas, try out some of our ideas for making the most of the day without leaving Melbourne city.